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SupplyPro Launches SupplyScale™ with Secure Bin™ Technology

SupplyPro, Inc., announced today the launch of SupplyScale, a flexible weight-based inventory management solution that can be seamlessly integrated into a new or existing SupplyPro system.

“SupplyScale is extremely accurate, accountable and easy to manage regardless of whether the inventory is bulk commodities such as fasteners and gloves or high value items such as cutting tools and parts,” said Floyd Miller, President and CEO of SupplyPro.

Because SupplyScale’s sensing technology is so precise, it can detect the stocking or dispensing of an item weighing as little as 5 grams, Miller added.

“SupplyScale delivers an absolute level of control for bulk storage, yet allows for variable item dispensing that cannot be achieved with other point-of-use (POU) inventory management systems that incorporate scale technology,” said Miller.

Miller also added that SupplyScale manages higher quantities with a lower cost of ownership. “More inventory can be stored in a smaller footprint, with the flexibility to add as little as a single SupplyScale module to one of our SmartDrawer™ cabinets or the option to purchase a complete unit or an entire system of scale based devices,” he said.

Because it is designed to be flexible as well as reliable, SupplyScale can accommodate a variety of drawer configurations from 2-bin drawers up to 24-bin drawers, accommodating drawer depths from 3 to 9 inches.

SupplyScale leverages the reliability of SupplyPro’s patented SmartDrawer™ technology into an extremely flexible new product that delivers higher density and greater control for consumable inventory applications, said Mike Reynolds, Chief Technology Officer of SupplyPro. “There is not a more advanced load-cell vending solution available in the market today,” he said.

Reynolds and his team at SupplyPro designed SupplyScale to take full advantage of SupplyPro’s software, SupplyPort™, which delivers automated inventory management and vendor integration; comprehensive reporting; superior ease-of-use; enterprise-wide administration; and the flexibility to adapt to customer work flow and business processes.

TULLIS HEALTH INVESTORS INC.

The firm was founded in 1986 by Jim Tullis, a leading health care investment banker and 14-time Institutional Investor All-Star. Under his leadership, the Tullis family of funds has been investing successfully and exclusively in privately held health care companies through several funds for over 30 years. Considered a pioneer in healthcare focused venture and growth capital, the team invests in all major areas of the healthcare industry. US-based, with an office in North Palm Beach, Florida, the firm also has international operations including a presence in Beijing. The team combines extensive operating and clinical experience in the US and globally, with a strong history of successful health care private equity investing.

Investment Approach

Tullis provides equity and equity-related capital to small and emerging health care companies.Tullis focuses on companies that have already established operations or have completed a substantial portion of their development process for new products, technologies and services. Many Tullis companies have generated meaningful revenue and require capital in order to reach value-enhancing milestones in a defined two- to four-year period. Others are research and development stage medical companies which have passed key milestones, but require additional capital to achieve commercial status.